Thanks for the suggest capierce, however this did not resolve the problem for me.
Just in case it's of assistance, here is a relevant console log;
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26/07/12 11:03:25.375 PM Contacts[796]: [CardDAVPlugin-ERROR] -_handleAddsOrModifies: exception processing addsOrModifies The value for 'host' should be non-nil and non-empty
26/07/12 11:03:25.377 PM Contacts[796]: [CardDAVPlugin-ERROR] Error in _handleAddsOrModifies:removes:inFolderWithURL: The value for 'host' should be non-nil and non-empty
26/07/12 11:03:25.378 PM Contacts[796]: [CardDAVPlugin-ERROR] -_handleAddsOrModifie "MY EMAIL"@p04-contacts.icloud.com/32071570/carddavhome/card/ Error Domain=CoreDAVErrorDomain Code=1 "The operation couldn’t be completed. (CoreDAVErrorDomain error 1.)"
26/07/12 11:03:25.823 PM Contacts[796]: [MIGRATION] ### ------ SUMMARY ------ ###
26/07/12 11:03:25.826 PM Contacts[796]: [MIGRATION] ### Local People: 107 ###
26/07/12 11:03:25.828 PM Contacts[796]: [MIGRATION] ### Local Groups: 0 ###
26/07/12 11:03:25.829 PM Contacts[796]: [MIGRATION] ### Server People: 0 ###
26/07/12 11:03:25.830 PM Contacts[796]: [MIGRATION] ### Server Groups: 0 ###
26/07/12 11:03:25.832 PM Contacts[796]: [MIGRATION] ### Merged People: 0 ###
26/07/12 11:03:25.833 PM Contacts[796]: [MIGRATION] ### Merged Groups: 0 ###
26/07/12 11:03:25.834 PM Contacts[796]: [MIGRATION] ### Removed People: 0 ###
26/07/12 11:03:25.836 PM Contacts[796]: [MIGRATION] ### Removed Groups: 0 ###
26/07/12 11:03:25.837 PM Contacts[796]: [MIGRATION] ### Local People Upload: 107 ###
26/07/12 11:03:25.838 PM Contacts[796]: [MIGRATION] ### Local Groups Upload: 0 ###
26/07/12 11:03:25.839 PM Contacts[796]: [MIGRATION] ### --------------------- ###
26/07/12 11:03:25.841 PM Contacts[796]: [MIGRATION] ### DOWNLOAD ERROR Error Domain=CoreDAVErrorDomain Code=1 "The operation couldn’t be completed. (CoreDAVErrorDomain error 1.)", exiting ###
26/07/12 11:03:25.844 PM Contacts[796]: [MIGRATION] ### EXCEPTION Error Domain=CoreDAVErrorDomain Code=1 "The operation couldn’t be completed. (CoreDAVErrorDomain error 1.)", exiting ###
26/07/12 11:03:25.844 PM Contacts[796]: [CardDAVPlugin-ERROR] Exception caught while running sync with server: Error Domain=CoreDAVErrorDomain Code=1 "The operation couldn’t be completed. (CoreDAVErrorDomain error 1.)"
26/07/12 11:03:28.268 PM WindowServer[108]: CGXSetWindowListAlpha: Invalid window 0
26/07/12 11:03:29.269 PM Dock[273]: CGSReleaseWindowList: called with 3 invalid window(s)
26/07/12 11:03:33.000 PM kernel[0]: considerRebuildOfPrelinkedKernel prebuild rebuild has expired